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Short-term Financing (Tables) | 12 Months Ended
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May 31, 2024
Revolving Credit Facility [Member] |
Line of Credit Facility [Line Items] |
Description of Credit Facilities | Details of the Company’s credit facilities as of May 31, 2024 are as follows:
|  |  |  | Maximum |  |  | Amount Outstanding |
|  |  |  | Amount |  |  | May 31, |
$ in millions |  | Expiration Date |  | Available |  |  | 2024 |  |  | 2023 |
Credit facilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |
JP Morgan Chase Bank, N.A. (“JPM”)(1) |  | April 12, 2029 |  | $ |  | 1,000.0 |  |  | $ |  | — |  |  | $ |  | — |
JPM (1) |  | September 17, 2026 |  | $ |  | 750.0 |  |  |  |  | — |  |  |  |  | — |
PNC Bank, National Association (“PNC”) (weighted-average interest rate of 6.14 % at May 31, 2024 and 5.83% at May 31, 2023) |  | February 6, 2026 |  | $ |  | 250.0 |  |  |  |  | 18.7 |  |  |  |  | 10.2 |
Outstanding short-term financing (2) |  |  |  |  |  |  |  | $ |  | 18.7 |  |  | $ |  | 10.2 |
(1) JPM acts as the administrative agent for this syndicated credit facility. (2) The total amount available under these credit facilities as of May 31, 2024 was approximately $2.0 billion. Amounts borrowed under the PNC credit facility remain outstanding as of the date of this report.

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- Definition Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(b),22(b)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1 + Details
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